$3 billion worth of USDT tokens were mined by the Tether Treasury within a period of three days, according to an update by Lookonchain. Since April 1st, approximately $2.55 billion USDT has flowed into prominent crypto exchanges, including Binance, Bitfinex, Kraken, and Coinbase.

These USDT inflows raised questions among the community about whether investors who were sitting on the sidelines for now are preparing to enter the market.